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Malawi :, Request for a One-Year Exogenous Shocks Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Malawi

This paper discusses a request from Malawi for a one-year exogenous shocks facility (ESF) arrangement to help it adjust to the large terms-of-trade shock it has suffered. Real GDP growth of Malawi has been high and is expected to remain solid. Inflation, though rising in recent months, is still moderate and is expected to ease over the medium term. The government’s near-term program aims to increase the import coverage of official gross reserves while preserving growth and food security. IMF staff supports the authorities’ request for a one-year high-access ESF arrangement
Table Of Contents
Cover; Contents; Executive Summary; I. Background; A. Retrospective: A Successful PRGF-Supported Program but Minimal Reserves; B. Recent Developments: A Severe Terms of Trade Shock; II. The ESF-Supported Program; A. Adjusting to the Terms of Trade Shock; B. Building Reserves Over the Medium Term; C. Reforming Money and Foreign Exchange Markets and the Monetary Policy Framework; D. Strengthening Public Financial Management; III. Program Monitoring; A. Access and Capacity to Repay the Fund; B. Program Monitoring and Conditionality; C. Data Issues, Technical Assistance, and Capacity Building
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (75 p.)
Specific Material Designation
Form Of Item

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